Month: June 2017

​According to a new market research report published by Credence Research “Gamification Market Size (Marketing, Sales & Support, Education & Training, Human Resource, Research & Product Development and Lifestyle) – Growth, Future Prospects, Competitive Analysis and Forecast 2016 – 2023”, the global gamification market is estimated to expand with a CAGR of 23.4% from 2016 to 2023.

Market Insights

Gamification refers to application of game mechanics and design techniques in various business processes, so as to increase the overall productivity of employees. In terms of business context, gamification involves integration of game mechanics into an internal business process, portal, website or marketing campaign, in order to encourage active participation of employees/target audiences. The motive behind implementing gamification is to achieve deeper engagement with employees, partners and also consumers so as to achieve better results.

The most significant factor fueling the adoption of gamification is the immense advantages offered by these solutions driving the overall enterprise productivity. Active employee participation is typically accomplished using mechanics such as badges, leaderboards, achievement levels, score points and others. The concept behind using these mechanics to develop a sense of healthy competition among the employees, thereby driving higher level of dedication. Apart from this, the market is highly driven by the rising shift towards digital advertisement and internet services penetration worldwide.

Another major factor supporting the market growth is the rising efforts by the business organizations worldwide towards achieving high productivity. Business organizations are willing to invest in such solutions that can effectively enhance their internal processes as well as drive consumer engagement. Subsequently, growing competition among the business enterprise worldwide would significantly drive the gamification market growth. Nevertheless, low awareness among the end-users may restrict the market growth during the forecast period.

The overall gamification market is segmented on the basis of solution type, deployment model, application and industry vertical. On the basis of solution type, the market is segmented into consumer-driven and enterprise-driven solutions. Based on the deployment models, the market is further segmented into cloud-based and on-premise gamification. The applications of gamification considered under the scope include marketing, sales & support, education & training, human resource, research & product development and lifestyle. On the basis of industry verticals, the gamification market is further classified into banks, financial services & insurance (BFSI), entertainment, media & publishing, corporate enterprises (IT, ITeS, telecom etc.), retail, education, healthcare and others.

The global gamification market is highly competitive in nature with market players focusing on developing innovative solutions for various applications. The overall market is still in its nascent stage with few adoption across different industry verticals. The market is currently consolidated in nature with few major players contributing to more than 50% of the total market revenue worldwide. Some of the leading players identified operating in the market include Microsoft Corporation, Salesforce.com, Bunchball, Inc., Badgeville, Inc., SAP SE and others.

Key Trends:

Shift towards cloud-based gamification solutions

Providing application specific gamification solutions for enterprises

Innovative solutions for attracting higher adoption

Introduction of gamification through mobile apps owing to their growing popularity

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

​According to a new market report published by Credence Research “Food Containers Market – Growth, Future Prospects, and Competitive Analysis 2016 – 2023,” the food containers market has been estimated to be valued at US$ 247.2 Mn by the end of 2016, and is expected to reach US$ 342.5 Mn by 2023, expanding at a CAGR of 4.8% from 2016 to 2023.

Food containers are generally utilized in the form of sacks, flexible bags, rigid plastic containers, paperboard, metal containers, and others. Rising significance of ready to eat food has strengthened the demand for food containers in all over the world. The substantial increase in food output as well as convenience of carrying, packaging and consumption has gained popularity among customers in today’s time. It has been notified that the number of women in service sector and other job related field has intensified over the past few years and this has ultimately increased the consumption of packed foods among urban people and has strengthened the demand for food containers all over the world. Rising urbanization as well as increasing number of single-person household is expected to spur the growth of food containers market over the period 2016-2023.

Increasing significant consumption of ready to eat food all over the world has strengthened the demand for food containers in the market. Apart from this, emergence of various new and innovative packaging containers is anticipated to foster the growth of food containers market over the forecast period. Changing lifestyle and fast living along with hectic work schedule among both men and women is anticipated to positively impact the growth of the market over the forecast period.

Food containers market is segmented on the basis of product type such as flexible packaging, rigid packaging, paperboard, and others. In 2015, flexible packaging segment contributed the highest revenue share of the total food containers market. The paperboard packaging is anticipated to expand at a robust CAGR till 2023. The global food containers market is further bifurcated by application which includes bakery, dairy, fruit and vegetables, processed meat, and others. Processed meat segment marked the highest revenue share in food containers market in 2015. Rising sales of beef and pork products in the countries such as U.S.A. and U.K. and Germany is anticipated to expand the growth of segment during the forecast period.

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Growing volume of digital data across enterprises and government agencies and introduction of government initiatives and support to implement EDiscovery process in large-, small- and mid-sized enterprises is driving growth of the EDiscovery market worldwide. However, high cost associated with deployment of EDiscovery process is hindering growth of the market, especially in developing regions such as Africa and Latin America.

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

​The latest market report published by Credence Research, Inc. “Contract Research Organization Services Market, By Service Type, Research Type and Client Type – Growth, Future Prospects and Competitive Analysis, 2016 – 2023,” the global contract research organization (CRO) services market was valued at US$ 25.9 Mn in 2015, and is expected to reach US$ 44.8 Mn by 2023, expanding at a CAGR of 7.1% from 2016 to 2023.

Market Insights

The global CRO market has witnessed a significant rise in strategic mergers and collaborations among CRO vendors. Such growth strategies are focused at augmenting their service portfolio or develop their niche in select countries. Large scale pharmaceutical companies in countries such as North America, Europe and Asia Pacific are increasingly indulging in CRO activities due to availability of large pool of trial eligible patients, desire to reduce costs and growing need to focus on core competencies. With further expansion and consolidation activities taking place in the CRO industry, the strong growth of the global CRO services market is anticipated to continue through the forecast.

The demand for CRO services is anticipated to remain steady in early stage development phases such as clinical pharmacology and preclinical trials. Early stage development phases have a potential market opportunity of over US$ 5.5 Bn. The moderate growth of this space is due to the limited pricing power since several drug sponsors still prefer to outsource their late-stage pipelines only. However, this scenario is anticipated in the later stage of forecast period with a strong possibility of containment of service prices. On the other hand, late-stage development services have the largest market share and will experience the fastest growth during the forecast period. The of late-stage development services is anticipated to continue through 2023 due to prime influencers such as greater interest of pharma companies in investigational drugs in late-stage trials that experience the least project delays and cancellations, and greater volumes that profit central laboratory operations.

Considering the competition, this market is characterized by presence of over 1000 market players, of which small-scale players are the largest in number. The top ten companies currently capture over 50% of the global CRO services market. However, to tackle such fierce competition, is observed that lately the mid-sized and small-sized corporations are adopting growth strategies such as consolidation activities and entering in long-term contracts with client companies. In addition, emerging CROs are rapidly attracting limelight, as sourcing of patients, emerging need for conducting home trials in large countries such as China and growing cost friendly contracts.

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

​According to a new market report published by Credence Research “Global Generator Market Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023, the Global Generator Market is expected to reach US$ 25.6 Bn by 2023″, expanding at a CAGR of 4.9% during the forecast period 2016 to 2023.

Market Insights

Generator refers to a device that converts mechanical energy to electrical energy. It uses various fuel source such as gasoline, diesel and gas as fuel to run the internal combustion engine. Generators are widely used as a source of power backup in various industries, commercial installations and residential buildings.

Generator market is anticipated to gain thrust with growing demand for uninterrupted power supply during power grid downtime. Operations of commercial establishments such as malls, data centers, hospitals, construction are highly dependent on power supply. Growing power outage due to lack of power generation and grid maintenance activities impacting business operations of commercial installations which in turn is influencing commercial installations to use generators as a power backup source. Thus, fueling the demand for power backup equipment such as generators. Further, growing gap between power generation and power supply resulting in power outage which in turn is anticipated to increase the demand for generators over the forecast period. Moreover, increasing power cuts and voltage fluctuations adversely impact the operations of industries, which in turn is influencing the industries to adopt reliable power backup equipment such as generators to reduce their downtime due to power outage. This in turn is expected to augment the demand for generators over the forecast period (2016-2023). However, high cost of acquisition and increasing use of renewable energy sources such as solar, wind coupled with favorable regulatory policies for use of renewable energy sources is expected to hamper the growth of generator market during the forecast period (2016-2023).

Global generator market is segmented on the basis of fuel type, power rating, end use and geography. By fuel type, diesel generator segment is projected to be the most dominant segment with due to low acquisition and operational cost. On the basis of power rating, 350-1000 kVA is expected to be the fastest growing segment. Growing power requirement from various industrial is anticipated to augment the growth of the segment during the forecast period. By End use, industrial segment is anticipated to be the fastest growing segment due to rapid growth of industries in emerging economies especially Brazil, China, India and Mexico is expected to fuel the growth of the segment over the forecast period (2016-2023).

The key players accounts for major share of the global generator market. Major players are focusing on increasing their market penetration through mergers and acquisitions along with development of new products.

Overall, global generator market is projected to register steady growth over the forecast period (2016-2023).

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Antioxidants are molecule which inhibits the oxidation of other substance, thus reducing the damage that is caused due to oxygen. The effect of free radical is neutralized by them and prevent the oxidation reaction by oxidizing themselves. There are two types of antioxidants; natural and artificial antioxidant. Antioxidant has application in different industry such as pharmaceutical, food and beverage, animal feed, cosmetic industry etc. The varied industrial application of antioxidants is the major driving factor of antioxidants market. Antioxidant is used in food industry to prolong the shelf life of food by preventing oxidation, also to prevent rancidity and color change. Antioxidant are used in cosmetic industry to prevent aging, by avoiding damage to the cells. Now-days, various factor such as pollution, dust, lifestyle along with age causes premature ageing, which act as major driver for the antioxidant. The shifting trend towards more conscious healthy lifestyle and use of organic substance are boosting the demand for antioxidant market.

Antioxidants are of two type; Natural Antioxidants and Synthetic Antioxidants. Synthetic antioxidant occupies the major share in the antioxidant market, though natural antioxidant depict bright future due to trend in using natural products and awareness about healthy life style. The developed countries are shifting towards the natural substitutes, while the emerging economies are driven by synthetic antioxidants.

Based on the type of Products, the Global Antioxidants Market is segmented as follows:

Natural Antioxidant

Vitamin C

Vitamin E

Vitamin A

Polyphenols

Carotenoids

Synthetic Antioxidant

THBQ

BHT

BHA

Others

Based on the type of Application, the Global Antioxidants Market is segmented as follows:

Pharmaceutical

Food and beverage

Feed Additive

Cosmetic

Others

As of the current market scenario, APAC is the largest regional market for antioxidant technology, followed by the North America and Europe. The emerging economies are accelerating market due to increasing disposable income, shifting trend to use natural products and health concern. In developing countries, India and China witness the major growth. The driving factor for North America and Europe is growing health concern, rise in demand for anti-aging products and usage of natural antioxidant.

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Burgeoning demand for digital technology to enhance business productivity and real-time communication across enterprise is expected to boost market growth. Also, introduction of digital initiative by governments in emerging economies such as China, India and Brazil is driving the growth of the digital transformation market. Further, enterprise focus to enhance mobile workforce and increasing uptake of connected devices across major end-user verticals are projected to support market growth over the forecast period. However, lack of awareness among end-users in developing countries and data privacy and security threats are anticipated to hamper growth of the digital transformation market to certain extent.

Competitive Insights:

The global digital transformation market ecosystem consists of solution providers, connected device providers, system integrators and service providers. The market is primarily dominated by major digital solution providers such as IBM Corporation, Microsoft Corporation and Adobe System. Key players in the digital transformation market are emphasizing more on investing substantial amount on research and development activities to come up with innovative and cost-effective solutions to gain competitive advantage. The major players operating in the global digital transformation market are SAP SE, IBM Corporation, Oracle Corporation, Google Inc., Microsoft Corporation, Accenture PLC, Adobe System, Cap Gemini S.A, CA Technologies and Hewlett-Packard (HP).

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Positive patient identification refers to a combination of hardware and software solutions designed for identifying a patient’s details so as to ensure correct medication is provided to the same. The most significant factor driving the market growth is the rising expenditure over healthcare IT and other automation systems designed for carrying seamless processes in healthcare organizations. Another major factor fueling the market growth is the growing instances of patient misidentification leading to fatal losses to the patients along with economic loss.

Considering these factors, the market is projected to portray robust growth during the forecast period. Nevertheless, factors such as reluctance to change and ignorance towards patient safety may challenge the market growth.

The overall positive patient identification market is segmented on the basis of market components, deployment model and geographic regions. On the basis of components, the market is segmented into scanning equipment and software & services. As of 2015, the market is led by the software & services segment. Further, based on the deployment models, the market is further segmented into cloud-based and web-based PPID solutions. The market is currently dominated by the web-based PPID solutions segment. On the basis of geographic regions, the PPID market is led by North America region, as of 2015. The region is expected to hold the largest share worldwide throughout the forecast period. Nevertheless, Asia Pacific is projected to emerge as the fastest growing segment during the forecast period.

The global positive patient identification market is technology driven, requiring vendors to invest substantial amount in research and development. Some of the leading and emerging players identified in the research study include Imprivata, Inc., Zebra Technologies, RightPatient, Inc. and PatientWorks Corporation. The global positive patient identification market is driven by technology developments and innovation. The competitive rivalry among current market players is comparatively high as every player is seeking to gain first movers advantage in the market.

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Dairy industry has been an essential contributor to the overall economy, and is expected to serve as a growth potential sector in the next five to six years primarily in Asia Pacific countries. This is due to increased dairy products consumption in countries such as India, Australia, New Zealand, Japan and others. Increasing dairy products consumption is further anticipated to fuel the demand for dairy ingredients in these countries. In addition, rising inclination of consumers towards western food especially dairy food products is bolstering dairy ingredients market growth globally. However, milk supply especially in countries such as India and China is not sufficient as compared to the subsequent demand, which is concern among dairy ingredients manufacturers.

Of different applications, sports and clinical nutrition segment is expected to record significant growth in the forthcoming years. However, dairy food products segment holds largest market share throughout the forecast period, which is intended to increase adoption of dairy ingredients among the manufacturers, thus fuelling the dairy ingredients market growth. Also, there is increased per capita consumption of products such as cheese, milk, butter and other dairy blends among consumers in Europe as well as in Asia Pacific. This is surging demand for dairy ingredients, thus fuelling the dairy ingredients market growth globally.

Among different regions, Europe is anticipated to dominate the market in terms of revenue share contribution, followed by Asia Pacific and North America. Asia Pacific is expected to record highest CAGR during the forecast period. Improving supply chain in countries such as China and India, technological advancements in the dairy industry and new dairy-based product launches across the globe are some of the key factors bolstering the dairy ingredients market growth in the region.

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

​According to a new market report published by Credence Research “Functional Food Ingredients Market – Growth, Future Prospects, and Competitive Analysis 2016 – 2023,” the functional food ingredients market has been estimated to be valued at US$ 2,182.7 Mn by the end of 2016, and is expected to reach US$ 3,442.9 Mn by 2023, expanding at a CAGR of 6.7% from 2016 to 2023.

Market Insights

Functional foods are generally considered as whole, fortified or enhanced food that delivers various health benefits when consumed at a significant level as a part of different diet on a regular basis. The functional food are foods that have a possibly positive impact on health apart from basic nutrition. The Functional food ingredients can be stated as an ingredient that have the ability to add various benefits to the end product.

Functional food ingredients are usually contemplated as such ingredients that are most likely to be consumed as a part of a standard diet and that comprises of biologically active constituents, which proposes the potential of enhanced health benefits. Some of the functional food comprises of food that comprises exact vitamins, minerals, fiber, fatty acids, phytochemicals, and others. Rising consumer awareness related to health, increasing demand for fortified foods as well as number of gym goers is anticipated to expand the growth of functional foods ingredients market over the period 2016-2023.

Increasing significant consumption of healthy food all over the world has strengthened the demand for functional food ingredients in the market. Apart from this, emergence of various new and innovative products is anticipated to foster the growth of functional food ingredients market over the forecast period. Changing lifestyle and fast living along with hectic work schedule among both men and women is anticipated to positively impact the growth of the market over the forecast period.

Functional food ingredients market is segmented on the basis of type such as vitamin, protein, mineral, probiotic and prebiotic, fatty acid, and others. In 2015, vitamin segment contributed the highest revenue share of the total functional food ingredients market. The fatty acid segment is anticipated to expand at a robust CAGR till 2023. The global functional food ingredients market is further bifurcated by health benefits which includes bone health, heart health, nutrition, immunity, and others. Bone health segment marked the highest revenue share in functional food ingredients market in 2015. Rising number of cardiovascular diseases all across the globe is anticipated to expand the growth of heart health segment over the forecast period.

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.